Can China Survive Without Bitcoin?, Bitcoin Price Could Reach $98,500 Say Wall Street Analysts, Bank of America "Likes" Bitcoin: http://goo.gl/zpaa7Y
According to the People’s Bank of China, it considers bitcoin a threat to China’s financial system. However it believes the digital currency carries significant potential.
“The concern is that it interferes with normal monetary policy operation,” Hao Hong, head of China research at Bocom International Holdings Co. in Hong Kong, told Bloomberg.
It represents an unofficial leakage to the current monetary system and trades globally."
Read more » Can China Survive Without Bitcoin?, Bitcoin Price Could Reach $98,500 Say Wall Street Analysts,


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